Artificial intelligence startup Anthropic announced yesterday (17) that it will cooperate with venture capital firm Menlo Ventures to establish a new fund "Anthology Fund" worth US$100 million, aiming to accelerate the development of AI applications using Anthropic technology.
Anthropic’s new fund “Anthology Fund”
Anthropic’s latest announcement shows that it has partnered with venture capital firm Menlo Ventures to launch a $100 million fund to support AI startups.
Menlo Ventures tweets
The company noted that AI companies supported by the Anthology Fund will be able to use Anthropic's existing products and research reports, and receive a $25,000 grant, as well as support from Menlo Ventures and other benefits:
Through our partnership with Menlo and the Anthology Fund, we hope to accelerate the development of breakthrough AI applications.
At the same time, Anthropic also revealed its interest in some fields. If qualified, it may increase the chance of application approval:
AI infrastructure
New applications of AI in medical and education fields
Consumer AI Solutions
Trust and safety tools
AI applications and technologies that maximize social benefits
Menlo Ventures partner Matt Murphy also welcomed applications from companies in a statement:
By combining Menlo's fundraising experience with Anthropic's AI technology, we are uniquely positioned to identify and partner with the most promising entrepreneurs to shape the future of AI development.
Finally, Anthropic also stated that it will not hold shares in companies funded by the fund, but may consider them as potential acquisition targets in the future.
(Application link: https://menlovc.com/anthology-fund-application/)
Anthropic Background
It is reported that Anthropic was founded by founder and CEO Dario Amodei, who is also a former researcher at competitor OpenAI. Previously, Microsoft's first investment in OpenAI made the company commercialized, and they had differences in the development direction. Part ways.
Here, the AI chatbot “Claude” developed by Anthropic, which was born in 2021, is widely considered to be comparable to OpenAI’s ChatGPT.
Just yesterday, Anthropic also announced that after launching the app on iOS in May, Android users can now experience Claude on mobile devices.
Received investments from FTX, Google, and Amazon
At the same time, as a high-profile AI diamond stock, Anthropic has successively received investments from SBF, the founder of the bankrupt exchange FTX, Google, South Korea's SK Telecom and Amazon since 2022, raising a total of more than US$3.3 billion.
Among them, Google and Amazon, as one of the major shareholders, have respectively pledged to invest a total of US$4 billion and US$2 billion in it.
Previously, due to repayment needs, FTX completely sold its 8% stake in the company last month, earning a total of US$1.3 billion.
(The valuation of Anthropic, a new AI startup invested by SBF, has increased fivefold, and FTX customers have the opportunity to get more money back!)
This article Anthropic joins hands with Menlo Ventures to jointly launch a US$100 million fund to accelerate the development of groundbreaking AI applications. It first appeared on Chain News ABMedia.
